Lennar Corp (LEN) is spinning off Millrose Properties (MRP) in a transaction expected to be completed on Friday, February 7. Following the spin-off, Lennar will remain in the S&P 500, and Millrose Properties, which is more representative of the small cap market space, will be added to the S&P SmallCap 600. Ironwood (IRWD) Pharmaceuticals is no longer representative of the small-cap market space
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IRWD:
- Ironwood price target lowered to $7 from $12 at Wells Fargo
- American Air flight crashes in D.C., Microsoft reports Q2 beat: Morning Buzz
- Ironwood price target lowered to $7 from $8 at Craig-Hallum
- Ironwood price target lowered to $14 from $23 at JMP Securities
- Ironwood Pharma Announces Major Workforce Cuts and CFO Change